QUAKER CHEMICAL CORP Files Definitive Proxy Statement

Ticker: KWR · Form: DEF 14A · Filed: Mar 28, 2024 · CIK: 81362

Quaker Chemical CORP DEF 14A Filing Summary
FieldDetail
CompanyQuaker Chemical CORP (KWR)
Form TypeDEF 14A
Filed DateMar 28, 2024
Risk Levellow
Pages16
Reading Time19 min
Sentimentneutral

Sentiment: neutral

Topics: Proxy Statement, DEF 14A, Executive Compensation, Quaker Chemical, Shareholder Meeting

TL;DR

<b>Quaker Chemical Corp. files its Definitive Proxy Statement for the 2023 fiscal year, detailing executive compensation and corporate governance.</b>

AI Summary

QUAKER CHEMICAL CORP (KWR) filed a Proxy Statement (DEF 14A) with the SEC on March 28, 2024. The filing is a Definitive Proxy Statement (DEF 14A) for Quaker Chemical Corp. The report covers the fiscal year ending December 31, 2023. The company's principal executive offices are located at One Quaker Park, 901 Hector Street, Conshohocken, PA 19428. The filing includes data related to executive compensation, specifically equity awards granted and vested for members like Tometich and Barry. The filing references data from fiscal years 2020, 2021, 2022, and 2023.

Why It Matters

For investors and stakeholders tracking QUAKER CHEMICAL CORP, this filing contains several important signals. This DEF 14A filing provides shareholders with crucial information regarding executive compensation packages, including details on equity awards, which can influence shareholder voting decisions. The detailed breakdown of compensation components and performance metrics allows investors to assess management's alignment with shareholder interests and the company's financial performance.

Risk Assessment

Risk Level: low — QUAKER CHEMICAL CORP shows low risk based on this filing. The filing is a routine proxy statement and does not contain new financial performance data or significant strategic shifts, indicating a low level of immediate risk.

Analyst Insight

Review the executive compensation details and any shareholder proposals to inform voting decisions at the upcoming annual meeting.

Key Numbers

Key Players & Entities

FAQ

When did QUAKER CHEMICAL CORP file this DEF 14A?

QUAKER CHEMICAL CORP filed this Proxy Statement (DEF 14A) with the SEC on March 28, 2024.

What is a DEF 14A filing?

A DEF 14A is a definitive proxy statement sent to shareholders before annual meetings, covering executive compensation, board nominations, and shareholder votes. This particular DEF 14A was filed by QUAKER CHEMICAL CORP (KWR).

Where can I read the original DEF 14A filing from QUAKER CHEMICAL CORP?

You can access the original filing directly on the SEC's EDGAR system. The filing is publicly available and includes all exhibits and attachments submitted by QUAKER CHEMICAL CORP.

What are the key takeaways from QUAKER CHEMICAL CORP's DEF 14A?

QUAKER CHEMICAL CORP filed this DEF 14A on March 28, 2024. Key takeaways: The filing is a Definitive Proxy Statement (DEF 14A) for Quaker Chemical Corp.. The report covers the fiscal year ending December 31, 2023.. The company's principal executive offices are located at One Quaker Park, 901 Hector Street, Conshohocken, PA 19428..

Is QUAKER CHEMICAL CORP a risky investment based on this filing?

Based on this DEF 14A, QUAKER CHEMICAL CORP presents a relatively low-risk profile. The filing is a routine proxy statement and does not contain new financial performance data or significant strategic shifts, indicating a low level of immediate risk.

What should investors do after reading QUAKER CHEMICAL CORP's DEF 14A?

Review the executive compensation details and any shareholder proposals to inform voting decisions at the upcoming annual meeting. The overall sentiment from this filing is neutral.

How does QUAKER CHEMICAL CORP compare to its industry peers?

Quaker Chemical Corp. operates in the specialty chemicals industry, providing chemical products and services to various industrial sectors.

Are there regulatory concerns for QUAKER CHEMICAL CORP?

As a publicly traded company, Quaker Chemical Corp. is subject to SEC regulations and disclosure requirements, including the filing of proxy statements.

Industry Context

Quaker Chemical Corp. operates in the specialty chemicals industry, providing chemical products and services to various industrial sectors.

Regulatory Implications

As a publicly traded company, Quaker Chemical Corp. is subject to SEC regulations and disclosure requirements, including the filing of proxy statements.

What Investors Should Do

  1. Review the executive compensation details for named executive officers.
  2. Examine any shareholder proposals and management's recommendations.
  3. Note the dates for the annual meeting of shareholders.

Year-Over-Year Comparison

This is a DEF 14A filing, which is a routine disclosure for the fiscal year ending December 31, 2023, and does not represent a change from previous filings in terms of format or purpose.

Filing Stats: 4,712 words · 19 min read · ~16 pages · Grade level 14.9 · Accepted 2024-03-28 07:41:32

Filing Documents

Executive Compensation

Executive Compensation 35 Compensation Discussion and Analysis 35 Introduction 35 Executive Summary 36 Our Compensation Process 39 Administrative Practices 39 C ompen sation Consulta nt 39 Benchmarking Data 39 Our Compensation Program 40 Base Salary 41 2024 Proxy Statement | i Table of Contents TABLE OF CONTENTS Annual Incentive Plan (AIP) 41 Long-Term Incentives 44 Comparative Stock Price Performance Graph 47 Chief Executive Officer Compensation 48 Stock Ownership Policy 48 Severance and Change in Control Benefits 48 Mr. Tometich's Employment Agreement 49 Other Named Executive Officers 50 Other Benefits on Termination 51 Perquisites and Other Benefits 51 Compensation Committee Report 52

Executive Compensation Tables

Executive Compensation Tables 53 Summary Compensation Table 53 Grants of Plan-Based Awards 54 Outstanding Equity Awards at Fiscal Year-End 55 Option Exercises and Stock Vested 56 Pension Benefits 56 Potential Payments Upon Termination or Change in Control 57 Pay Ratio Disclosure 60 Pay versus Performance Disclosure 61 Director Compensation 66 Compensation Policies and Practices – Risk Assessment 68 Stock Ownership of Certain Beneficial Owners and Management 69 Certain Beneficial Owners 69 Management 70 Certain Relationships and Related Party Transactions 71 Proposal 4 – Ratification of Appointment of Independent Registered Public Accounting Firm 72 Audit Fees 72 Audit-Related Fees 72 Tax Fees 72 All Other Fees 72 Pre-Approval Policy 72 Report of the Audit Committee 73 General 74 Availability of Form 10-K and Annual Report to Shareholders 74 Shareholder Proposals 74 APPENDIX A - 2024 Long-Term Performance Incentive Plan Appendix i ii | 2024 Proxy Statement Table of Contents PROXY STATEMENT Proxy Statement This proxy statement is being furnished to our shareholders in connection with the solicitation of proxies on behalf of our Board of Directors for use at our 2024 Annual Meeting of Shareholders, and at any postponements or adjournments of the meeting, for the purpose of considering and acting upon the matters referred to in the accompanying Notice of Annual Meeting of Shareholders and which are discussed below. The Annual Meeting of Shareholders will be held live via the Internet at www.virtualshareholdermeeting.com/KWR2024, at 8:00 A.M., Eastern Time, on May 8, 2024. You will not be able to attend the annual meeting in person. We believe that a virtual meeting allows expanded shareholder access and participation and improved communications, while affording shareholders the same rights as if the meeting were held in person, including the ability to vote shares electronically during

Forward-Looking Statements

Forward-Looking Statements This proxy statement contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These statements can be identified because they do not relate strictly to historical or current facts, and include statements as to our intents, beliefs and goals, among other things including related to our sustainability goals and plans for sustainability reporting. We caution you not to place undue reliance on our forward-looking statements. Our forward-looking statements are subject to risks, uncertainties and assumptions about the Company and its operations that are subject to change based on various important factors, many of which are beyond our control. A major risk is that demand for the Company's products and services is largely derived from the demand for its customers' products, which subjects the Company to uncertainties related to their businesses, including our customers' willingness to participate in our sustainability initiatives and our ability to devote adequate resources to such initiatives. Other major risks and uncertainties include, but are not limited to, the primary and secondary impacts of the COVID-19 pandemic, as well as inflationary pressures, including the potential for continued significant increases in raw material costs, supply chain disruptions, customer financial instability, rising interest rates and the possibility of economic recession, worldwide economic and political disruptions including the impacts of the military conflicts between Russia and Ukraine and between Israel and Hamas, the economic and other sanctions imposed by other nations on Russia, suspensions of activities in Russia by many multinational companies and the potential expansion of military activity, foreign currency fluctuations, significant changes in applicable tax rates and regulations, future terrorist attacks and other acts of v

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